Indian Share Markets are likely to do well in October, 2017

Indian Share Markets are
likely to do well in October, 2017 which has historically been the weakest : V
K Sharma, Head - PCG & Capital Market Strategy, HDFC securities

The comments
by Mr. V K Sharma, Head - PCG & Capital Market

Strategy, HDFC securities on NSE’s NIFTY scaling new lifetime high.

"The Nifty scaling a new life time high is no news as we are only
following the American, European and other Asian markets.

The corporate results , globally are going to be better, the minutes of the last Fed meeting were also dovish. With domestic investors dipping their toes in the equity markets at an accelerated pace , the process of making new highs in the markets is likely to continue beyond the immediate highs.

While the Nifty has made a new high in September, 2017 the SENSEX has not.

So the markets are waiting for the Sensex to cross the new highs made in
August.

V K Sharma, Head - PCG & Capital Market

Strategy, HDFC securities

With the festive mood in the air, markets are likely to do well in the October month, which has historically been the weakest."

Indian Share Markets are likely to do well in October, 2017
Reviewed by S. Chitra
on
October 15, 2017
Rating: 5 Indian Share Markets are likely to do well in October, 2017 which has historically been the weakest : V K Sharma, Head - PCG & Capital...